Attention lenders: The CFPB is now focusing more on fair lending in mortgages

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Still, there are practices on both the consumer and small-business sides of the alternative lending business that seem likely to attract more regulatory scrutiny. Among them are tying multiple small.

Attention lenders: The CFPB is now focusing more on fair lending in mortgages Bruno Contents bureau (cfpb) issued free white paper: redlining risk analysis Cfpb enforces fair.

In late April, the Consumer Financial Protection Bureau (CFPB) released its 2017 Fair Lending Report (Report) outlining both supervision and enforcement activities for 2016 as well as the agency’s priorities for 2017. Even as uncertainty around the CFPB’s future persists, the Report is a clear indication that the agency will continue its aggressive approach in enforcing the Equal Credit.

Payday lenders. focus on the industry and held a public hearing on payday lending last January in Birmingham, Alabama. Yet he has been mum on new enforcement plans as the politically besieged.

Showdown over Consumer Financial Protection Bureau leader The first issue, redlining, was the subject of one of the first fair lending. matters in the mortgage industry, with restitution to borrowers totaling more than $41 million.. focus on redlining by the CFPB, the DOJ and prudential regulators, lenders. By taking steps to address these risks now, compliance staff may be better.

"The FTC is going to be focused, like the CFPB, but I think their focus is going to be a little more narrow. Under Dodd-Frank, the FTC’s privacy jurisdiction got transferred to the CFPB, but the data security authority remained with the FTC. So, they’re focusing on data breaches and other privacy concerns that have to do with data; data sharing, data access.

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